12 CFR 27.5 - Record retention period.

(a) Each bank shall retain the records required under§ 27.3 for 25 months after the bank notifies an applicant of action taken on an application, or after withdrawal of an application. This requirement also applies to records of home loans which are originated by the bank and subsequently sold.

(b) The Comptroller of the Currency may, by written notice to a bank, extend the retention period.

Title 12 published on 2015-01-01.

No entries appear in the Federal Register after this date, for 12 CFR Part 27.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.